TEHRAN – Concurrent with the Government Week (Aug. 23-30), 750 industrial and mining projects will go on stream in Iran with 18.830 trillion rials ($1.07 billion) worth of investment, announced the industries and mines minister here on Tuesday.

“Once the projects go on stream, over 24,000 job opportunities will be generated,” said Ali-Akbar Mehrabian.
According to IRNA, he added that since Aug. 22, 2007 the country’s industrial production shows a remarkable growth of 13 percent.
Mehrabian put Iran’s industrial investments in the past year at 140.1 trillion rials ($14.6 billion), indicating a 48 percent rise over the figure of its previous year.
“The job generation in country’s industrial sector shows a 4.5 percent growth in the past year,” the official said.
“Iran witnessed 21 and 30 percent rise in its non-oil exports and industrial, mineral exports in the past year,” Mehrabian added.
The official stated that totally 70.5 trillion rials ($7.38 billion) worth of shares in the sector have been privatized in the recent year that indicates a 316 percent rise.
He said that 2,618 industrial units have been put into operation in the period, showing a 33 percent increase.